EUR/USD Technical Analysis: A new visit to 1.1100 and below still remains on the table

EUR/USD keeps the rangebound theme unchanged so far today despite the re-emergence of some selling bias.
Extra gains remain limited by the 1.1223/31 band, where converge the 100-day and 55-day SMAs ahead of monthly tops near 1.1250.
The inability of the pair to regain this area of resistance in the near term (the sooner the better) should encourage sellers to return to the market on a more convincing fashion, motivating spot to retreat to, initially, the 1.1100 neighbourhood ahead of 2019 lows near 1.1020.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1178
Today Daily Change	50
Today Daily Change %	-0.21
Today daily open	1.1201

Trends
Daily SMA20	1.1176
Daily SMA50	1.124
Daily SMA100	1.1226
Daily SMA200	1.1297

Levels
Previous Daily High	1.1224
Previous Daily Low	1.118
Previous Weekly High	1.1251
Previous Weekly Low	1.1104
Previous Monthly High	1.1373
Previous Monthly Low	1.106
Daily Fibonacci 38.2%	1.1207
Daily Fibonacci 61.8%	1.1196
Daily Pivot Point S1	1.1179
Daily Pivot Point S2	1.1157
Daily Pivot Point S3	1.1135
Daily Pivot Point R1	1.1223
Daily Pivot Point R2	1.1245
Daily Pivot Point R3	1.1267

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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